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Duo Arrested For Loanshark Harassment

by May 3, 2018 Technology

The Police have arrested a 23-year-old man and a 17-year-old woman for their suspected involvement in loansharking activities.

On 15 April 2018, the Police received a report that a debtor note had been placed at the gate of a residential unit at Jurong West Street 42. Through extensive ground enquiries and with the aid images from Police Cameras (POLCAM), officers from Jurong Police Division established the identities of the two suspects and arrested them along Yishun Street 22 on 2 May 2018. Preliminary investigations revealed that the two suspects are believed to be involved in other similar cases of loanshark harassment islandwide.

The two suspects will be charged in court on 4 May 2018 under the Moneylenders Act 2010 (Revised Edition). Under the Moneylenders Act (Revised Edition 2010), first time offenders found guilty of loanshark harassment shall be fined not less than $5,000 and not more than $50,000 with mandatory imprisonment of up to 5 years and mandatory caning of up to 6 strokes.

Source: Singapore Police Force